Which of the Following Are Management Assertions About the Accounts

question 7

Multiple Choice

Which of the following are management assertions about the accounts in cash and investment process?

• A)existence or occurrence - for classes of transactions
• B)completeness - for both classes of transactions and account balances
• C)valuation and allocation - for both classes of transactions and account balances
• D)rights and obligations - for both classes of transactions and account balances
• E)accuracy - for both classes of transactions and account balances

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Definitions:

Meaningful

Having significance, purpose, or value, often in a way that is personally or socially fulfilling.

Cohabitation

The act of living together and having a sexual relationship without being married.

Older Adults

Individuals in a population who are considered to be of an advanced age, often categorized as being 65 years old or older.

Positive

Referring to the presence of desirable qualities, constructive outcomes, or affirmative attributes in various contexts.